217-241 Park Ave
$2,100,000
23,554
Sqft
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$2,100,000
23,554
Living Area
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Property Description
Unique investment opportunity in downtown West Springfield. The Park Tower site is a prime commercial real estate package available for sale with a partial leaseback. The sale includes a prominent 5-story office tower and a single-story office building, spread across four parcels. Park Tower (225 Park Ave.) features multiple floors of luxurious office space, along with a two-lane drive-through/ATM. The tower is +/- 17,670 net SF. KeyBank will lease back their existing first floor branch, which was recently renovated, as well as a small portion of the 3rd floor. The 4th floor was recently leased to the local chapter of a national trade organization. Adjacent to the tower is a vacant, single-story +/- 5,884 SF commercial building (229 Park Ave.) which could be suitable for a variety of uses. Located minutes from downtown Springfield, the Riverdale St./Rt. 5 retail corridor, the Big E, and area highways. Corner lot with great traffic counts and visibility.
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Highlights
- Acres: 1
- Year Built: 1974
- Property Class: Commercial Sale
- Status: Active
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Additional Details
- Zoning: Ba-1
- Zoning Description: Legal Conforming
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Fees / Taxes
- Tax Year: 2023
- Taxes: $78,759
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Listing information provided courtesy of Pioneer CRE.
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